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Police arrest 7 notorious robbery suspects
SEVEN robbery suspects, one of them a police officer, have been arrested for a spate of armed cases they committed between Bulawayo and Victoria Falls over eight months.Two of the suspects Wel...Published: 25 Dec 2023 at 09:32hrs | 19 | by Staff reporter
Al Jazeera documentary on Zimbabwe's gold mafia won't change anything
THE whole hullabaloo about illicit gold is plain codswallop and balderdash.The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearl...Published: 28 Mar 2023 at 06:51hrs | 2 | by Chris Mutsvangwa
The whole gold hullabaloo about Zimbabwe illicit gold is plain codswallop and balderdash
The whole gold hullabaloo about illicit gold is plain codswallop and balderdash. The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearly ...Published: 26 Mar 2023 at 20:33hrs | 4 | by Ambassador Christopher Mutsvangwa
2 cops nabbed in foiled robbery
TWO serving members of the Zimbabwe Republic Police (ZRP) and their two unemployed accomplices appeared at the Harare Magistrates Court on Saturday facing armed robbery charges.The suspects, W...Published: 13 Mar 2023 at 07:16hrs | 2 | by Staff reporter
Zimbabwe Anti-Corruption Commission fails to account for millions in state funds
IN a dramatic irony, Auditor-General Mildred Chiri says the Zimbabwe Anti-Corruption Commission (Zacc) has failed to properly account for millions of United States dollars which could have been misapp...Published: 09 Apr 2022 at 08:40hrs | 9 | by Staff reporter
Biden admits that sanctions on Russia don't work and they make USA poorer
President Biden on Thursday made two big admissions about the US-led economic sanctions on Russia. The first is that the sanctions will lead to food shortages for many countries other than Russia, and...Published: 29 Mar 2022 at 12:00hrs | 1 | by Ryan McMaken
Lessons on how Russia is dealing with Western sanctions
It is just about a month since Russia invaded Ukraine. So far there are no signs of abating even when both sides have continued to express willingness to engage in dialogue and end the war. While the ...Published: 28 Mar 2022 at 06:51hrs | | by Tapiwa Gomo
Russia, India explore opening alternative payment channels
Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with th...Published: 16 Mar 2022 at 07:19hrs | 2 | by Staff reporter
1win - new bookmaker in India
1win is a fairly young bookmaker. The company was founded in 2016, until 2018 it was called FirstBet. It is popular on the Indian market, also because of its generous first deposit bonus. Among the ma...Published: 12 Feb 2022 at 16:56hrs | 13 | by Staff reporter
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | | by Staff reporter
Varun opens new production line
VARUN Beverages Zimbabwe Private Limited (VBZPL) has commissioned a new production line to ramp up production of its Aquaclear bottled mineral water.VBZPL is a subsidiary of the Indian headqua...Published: 10 Jan 2021 at 20:58hrs | | by Staff reporter
How mobile casinos are gaining popularity in developing nations
The online casino industry has seen a huge change over the past decade and that has come because of the creation, and the popularity, of mobile casinos. These have allowed the online casino industry t...Published: 06 Jan 2021 at 17:08hrs | 1 | by Staff writer
Does Brother Mthuli Ncube live in Zimbabwe?
Hope is the expectation, against all rational considerations, that desires will be fulfilled miraculously.When the "new dispensation" was introduced in Zimbabwe, we hoped against past experien...Published: 18 Aug 2019 at 09:51hrs | | by Kennet Mufuka
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | | by Staff reporter
Zimbabwe is not the worst country on earth!
At the beginning of this new weekly column, more of which is going to come in the next months and years Inshallah, let me make this humble appeal to the authorities on behalf of the suffering resident...Published: 06 Mar 2019 at 06:26hrs | 9 | by Baffour Ankomah
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 4 | by newZwire with The Source
Mnangagwa to do a Narendra Modi on Zimbabwe black market?
There are whispers the President Emmerson Mnangagwa will come hard on the black market with some saying he will do what Indian Prime Minister Narendra Modi did in India in 2016. The secrecy with which...Published: 11 Oct 2018 at 18:17hrs | 5 | by Ndoro Tafadzwa
My fallout with Ndabaningi Sithole
OVER the past few weeks, John Munodawafa Gwitira whose Chimurenga name was Kenneth Gwindingwi (KG) narrated how he grew up in Nyanyadzi and later joined the liberation struggle in 1970. He narrated ho...Published: 06 Aug 2017 at 13:13hrs | | by Staff reporter
$100 million bond notes in circulation
THE Reserve Bank of Zimbabwe (RBZ) says $100 million worth of bond notes are in circulation in the market since their introduction last year.The bond notes, which are at par with the Unite...Published: 14 Mar 2017 at 06:09hrs | | by Staff reporter
Downtown shops must pay tax
The trend in town is that unless one wants to buy from a supermarket, he has to be armed with a credit card only east of Julius Nyerere Way. Tradition has it that downtown shops trade only in hard cas...Published: 13 Feb 2017 at 14:02hrs | 10 | by Chigumbu Warikandwa
Zimbabwe industry to push for adoption of Rand
THE Confederation of Zimbabwe Industries will approach Government with draft legislation to push for the adoption of the South African rand over the US dollar as the main transacting currency....Published: 27 Jan 2017 at 05:51hrs | | by Staff reporter
Money changers embrace bond notes
As Zimbabweans warm up to the bond notes introduced by the Reserve Bank of Zimbabwe (RBZ) yesterday, a snap survey at the notorious money changers market at Road port in Harare revealed that it was bu...Published: 01 Dec 2016 at 16:28hrs | | by Bevan Musoko
Airlines flying to Zimbabwe to accept bond notes
GLOBAL and regional airlines plying the Zimbabwe route are on board with respect to using bond notes, a top airlines official has said.Chairperson of the Board of Airlines Representatives ...Published: 11 Nov 2016 at 05:24hrs | | by Staff reporter
'Bond notes to circulate till Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has said bond notes, which are due for introduction this month, will remain in circulation for as long as the country does not have its own official currency....Published: 04 Nov 2016 at 05:40hrs | | by Staff reporter
RBZ reveals bond note denominations
The Reserve Bank of Zimbabwe says at least $75 million worth of bond notes will be in circulation by December, but will only be issued in smaller denominations of $2 and $5 to allay public scepticism....Published: 16 Sep 2016 at 08:50hrs | | by Staff reporter
Plot to block US dollar use in Zimbabwe
THE United States has set in motion a plan to "collapse the Zimbabwean economy overnight" by restricting US dollar imports into the country, the Sunday Mail reported.Part of this plot invo...Published: 11 Sep 2016 at 12:56hrs | 1 | by Staff reporter
Mugabe's vultures descend on London
Mugabe's Finance Minister Patrick Chinamasa has admitted that Zimbabwe is broke. 'Right now we have nothing', he said on a visit to France to beg for money. Asked in an interview with Radio France Int...Published: 03 Jul 2016 at 16:47hrs | | by Zimbabwe Vigil
Zimbabwean urban areas embrace plastic money
Plastic money accounts for 80 percent of transactions in urban areas while transactions in multiple currencies have embraced by most most Government departments, parastatals and State-owned enterprise...Published: 26 Jun 2016 at 09:02hrs | | by Staff reporter
Urgent indaba on civil servants pay date shift
THE Ministry of Public Service, Labour and Social Welfare has called for an urgent indaba tomorrow with officials from the Reserve Bank of Zimbabwe, Ministry of Finance, Civil Service Commission (CSC)...Published: 19 Jun 2016 at 12:21hrs | | by Tinomuda Chakanyuka and Dumisani Nsingo
Zimbabwe banks start rand, yuan withdrawals
Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currenci...Published: 19 Jun 2016 at 09:44hrs | | by Kuda Bwititi
Woman beats hubby to death for refusing to make love to her
A woman who killed her husband when he refused to make love to her has been jailed for life, the Times of India reportedVimla Vaghela initially claimed she had killed husband Narsinh in self-d...Published: 14 Jun 2016 at 20:53hrs | | by Staff reporter
Rare condition 'turning boy into stone'
An 11-year-old boy from Nepal has skin that is 'turning to stone' due to a rare and devastating genetic condition.UK singer Joss Stone has stepped in to help Ramesh Kumari in his battle agains...Published: 12 Jun 2016 at 18:18hrs | | by Staff reporter
Zimbabwe govt departments reject the rand
THE Government is formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar. The Rese...Published: 12 Jun 2016 at 08:48hrs | | by Staff reporter
Zimbabwe tweaks multi currency regime
Government is urgently formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar.The ...Published: 12 Jun 2016 at 02:06hrs | | by Kuda Bwititi
Multi-currency system to continue says Mangudya
RESERVE Bank governor John Mangudya has urged the banking public to ignore messages circulating on social media platforms claiming the multi-currency system will be abolished.Last week, a mess...Published: 29 Dec 2015 at 08:28hrs | | by Staff Reporter
Zimbabwe retail outlets reject rand coins
THE country's monetary authorities - the Reserve Bank of Zimbabwe - last week noted that they currently hold bond coins worth $1 million in their vaults and the money can easily be deployed in the mar...Published: 08 Nov 2015 at 07:58hrs | | by Africa Moyo and Darlington Musarurwa
Chinamasa deserves Nobel Prize in economics
IN its post-colonial history since 1980, Zimbabwe has gotten one big thing right, inter alia: the multi-currency system.To cut a long a long story short, Zimbabwe currently has arguably, the l...Published: 11 Aug 2015 at 08:32hrs | | by Colls Ndlovu
Zimbabwe adopts Chinese yuan as legal currency
Zimbabwe has adopted the Chinese yuan as one of its legal currencies, but it remains unclear if this is good news for China, the Changjiang Times reported on Monday.Zimbabwe's own currency, th...Published: 10 Aug 2015 at 11:13hrs | | by 29Ecns.cn
Boy (10) murdered in human sacrifice
A Nepalese man has confessed to the murder of a young boy after claiming a shaman advised him that a human sacrifice would heal his ailing son, local police said.The body of 10-year-old Jivan ...Published: 27 Jul 2015 at 14:43hrs | | by CNN
'US$1 for Z$35,000 rate for Zimdollar compensation'
THE central bank will use the rate of one U.S. dollar to 35,000 Zimbabwe dollars as it moves to demonetize the local currency and compensate account holders who lost their savings when the government ...Published: 25 Feb 2015 at 10:14hrs | 1 | by Agencies
Zimbabwe a Haven for Tourist Attraction
The sparkle and glitter of the tourism industry in Zimbabwe is regaining momentum at an accelerated rate. The New York Times recently published an article stating that Zimbabwe is a priority destinati...Published: 19 Jan 2015 at 12:17hrs | | by Suitable Kajau
Multiple currencies, Gresham's Law in Zimbabwe
ZIMBABWE hit the headlines in the 2000s due to its extraordinary inflation rate, peaking at a monthly rate of 79,6 billion percent in November 2008. The hyperinflation was a result of Robert Mugabe's ...Published: 15 Jan 2015 at 08:27hrs | | by Mises.org
Zim licences Chinese company to print new currency, to be issued at a moment’s notice
COLOGNE - President Robert Mugabe's administration, is reportedly sittings on wads of a new Zimbabwe currency to be backed by a gold standard, which can be issued at a moment's notice as a home grown...Published: 19 Dec 2014 at 06:19hrs | | by Itai Mushekwe
New coins to help ease cash crunch
Zimbabwe's central bank unveiled special coins on Friday to ease a shortage of low denomination cash, which has forced shoppers to accept sweets or pens in lieu of change."The bond coins a...Published: 06 Dec 2014 at 16:48hrs | | by AFP
Mugabe also need pay hike
PRESIDENT Robert Mugabe has revealed he is also looking forward to a bump in his pay packet and warned his treasury chief against pulling an April Fools' prank after the minister said the hike would ...Published: 17 Mar 2014 at 06:20hrs | | by Staff reporter
Chinamasa's political career on the line
FINANCE minister Patrick Chinamasa's political life is reportedly on the line following allegations that some Zanu PF hawks have launched a campaign to have him stripped of his Cabinet post, citing h...Published: 15 Mar 2014 at 06:48hrs | | by Staff Reporter
Zim banks pursue Yuan, Rupee supply
Zimbabwean banks are in negotiations with China and India for supply of the countries' currencies.This comes on the back of the Reserve Bank of Zimbabwe (RBZ)'s addition of four new currenci...Published: 12 Mar 2014 at 11:22hrs | | by Staff reporter
China rules out Zim budgetary support
China has ruled out budgetary support to Zimbabwe.Finance minister Patrick Chinamasa, who recently returned empty-handed from Washington after being denied funding by the International Mon...Published: 06 Mar 2014 at 13:38hrs | | by Staff reporter
Zim banks start opening yen, yuan accounts
SOME local banks have started opening accounts for transacting in the Japanese yen, Chinese yuan, Australian dollar and Indian rupee following the expansion of the country's foreign currency bask...Published: 05 Mar 2014 at 07:15hrs | | by Business reporter
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